Yahoo Finance Lantronix (LTRX) Introduces Two New Edge Compute Trackers
Lantronix, Inc. LTRX recently unveiled advanced FOX4 and Bolero 43 edge compute tracker telematic gateways. These solutions were demonstrated at the Embedded World 2024 event in Nuremberg, Germany, and also at the ISC West 2024 event held in Las Vegas earlier this month.
The state-of-the-art devices are pre-configured with Lantronix’s Percepxion IoT edge software platform that offers secure IoT device provisioning and management.
FOX4 Edge Compute Tracker, the latest addition to LTRX’s FOX series, allows smooth integration of cellular and GNSS technologies, which are enhanced by the BLE and Wi-Fi connectivity and also have upgraded security features. It supports internal and external antennas and is well-suited for multiple applications ranging from industrial complexes to urban landscapes.
Bolero 43 Edge Compute Tracker is specifically engineered for asset and fleet management, in addition to Industrial IoT applications, such as manufacturing and automation. It has an IP68 rating and a rugged design, built to endure tough environments.
Both the FOX4 and Bolero 43 Edge Compute Trackers are equipped with advanced customization features that are facilitated by the intuitive Workbench tool. Also, both these solutions are integrated with LTRX’s Connectivity Services SIM card. This integration opens up numerous carrier options for its users, ranging from Verizon, AT&T and T-Mobile in North America, along with several network providers in the Europe and the Asia Pacific regions.
LTRX highlighted a report from Berg Insight, which cited that the worldwide shipments of aftermarket telematic devices is projected to witness a CAGR of 10.5% in the next five years. This will lead to 77.6 million units being shipped by 2027, estimated at a worth of $3.7 billion.
Based in in Irvine, CA, LTRX provides compute and connectivity IoT solutions integral to high-growth industries such as Smart Cities, Automotive and Enterprise. Its premium solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, backed by advanced Out-of-Band Management for Cloud and Edge Computing.
At present, LTRX carries a Zacks Rank #3 (Hold). Shares of the company have lost 22.4% compared with the sub-industry’s decline of 6%.
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